Credit card for buying second hand car

Zither

Hi guys,

I'm looking to get buy a second hand car in the next couple of weeks. I've already got the money for it in a savings account, but everyone seems to say it's best to buy large purchases on a credit card for extra protection (I'll just pay the balance off straight away). So, can anyone recommend a credit card that offers:

1) Decent consumer protection/support (in case I get sold a dog)
2) Something with a decent cashback deal (there doesn't seem many of these around at the mo?)

Looking to spend about £6-8k. (probably a 2009/10 Fiesta, if anyone's interested )

Thanks!

Z

jonesMUFCforever

Any potential cashback will be more than nullified by the charge that a garage will impose should you want to pay by credit card.


IMO get a decent warranty with the car - this should be the best way of getting protection. Whilst you will get protection by using a credit card you may have to pay for specialist reports in the event of a claim.


All credit cards offer the protection of S75.

thebritishbloke

jonesMUFCforever wrote: »

Any potential cashback will be more than nullified by the charge that a garage will impose should you want to pay by credit card.

This completely depends on the garage. I know someone who bought his new car on an AMEX just for the points, didn't cost him anything extra.

I also asked about paying off my finance on a credit card, they said they accept anything but AMEX and there's no fee for it. All depends on the company.

Zither

Hiya jones,

Thanks for the info. Went and did some reading - I see what you mean... Maybe worth putting £2k on a credit card and the rest via bank transfer.

All the feedback I've read about warranties seems to indicate that they're not worth the paper they're written on? Do you reckon garage own warranty or standalone warranty?

Cheers!

Zither

thebritishbloke wrote: »

This completely depends on the garage. I know someone who bought his new car on an AMEX just for the points, didn't cost him anything extra.

I also asked about paying off my finance on a credit card, they said they accept anything but AMEX and there's no fee for it. All depends on the company.

That's interesting, just read a few articles saying the same as jones - i.e. most companies will pass the credit card charge on to purchaser. Also got the impression not many businesses take AMEX! I suppose the larger chains will have their terms on their websites, less so for the little indies tho.

Eugh...car buying... :eek:

thebritishbloke

Zither wrote: »

That's interesting, just read a few articles saying the same as jones - i.e. most companies will pass the credit card charge on to purchaser. Also got the impression not many businesses take AMEX! I suppose the larger chains will have their terms on their websites, less so for the little indies tho.

Eugh...car buying... :eek:

Always worth asking, some times they'll just absorb the cost.

Some warranties aren't worth buying depending on the age of the car and conditions of the warranty. Sometimes they start claiming everything isn't covered because it's "wear and tear".

jonesMUFCforever

thebritishbloke wrote: »

Always worth asking, some times they'll just absorb the cost.

Some warranties aren't worth buying depending on the age of the car and conditions of the warranty. Sometimes they start claiming everything isn't covered because it's "wear and tear".

Don't expect s75 to take the place of a warranty.

thebritishbloke

jonesMUFCforever wrote: »

Don't expect s75 to take the place of a warranty.

I never said that, I just said that a lot of warranties class a lot of things as "wear and tear" and don't cover them.

jonesMUFCforever

A lot of threads have been on here trying exactly that - they think that putting some of the cost on a credit card and suddenly s75 is the answer to all their problems - it is not - cars will and do break down more often that say white goods.

YorkshireBoy

thebritishbloke wrote: »

Always worth asking, some times they'll just absorb the cost.

If they're prepared to "absorb the cost" (typically 2-3%) there was some room for a 2-3% discount for paying by debit card. Simple as!

But the OP could pay the deposit* on a credit card (and the rest by debit card) and still enjoy section 75 protection on the full value of the purchase.

As has been said above though, section 75 covers misrepresentation and/or breach of contract...it does not cover clutches and gearboxes!


* £50, £100, whatever. In fact even £1 would secure section 75 protection.